Build Your Dreams with Good Financial Health
Perhaps the most important question to you as a current or new business owner is how will you get the money to start or grow your business? This is a critical decision which should be made as a part of your overall personal financial plan. We will help you make the best possible decision on investment and implement it through our various business loan options or recommending other financing options.
Expand, move, acquire or even start a business is a big step which requires careful planning and experts to help guide you along the way. We have business expertise far beyond what other banks offer as our affiliates specialize in business planning, tax planning, benefit /planning for your employees, commercial insurance as well protecting your wealth far into the future through estate planning services. Adding in our bank expertise in finance and cash management, and you will see how we help you make your business dreams a reality without sacrificing your financial health.
Lines of credit help you fund timing gaps between cash coming in and cash going out so you can grow your business. Credit Union ONE also has created partnerships so we can offer solutions to help almost any business with accounts receivable and inventory financing.
Term loans can be used to purchase machinery, equipment and other long-term assets for your business. Repayment plan are based on business cash flow and overall goals of your business.
Commercial mortgages can be used for the purchase, renovation or addition to property used for commercial, retail, industrial, or multi-family purposes. Interest rates, repayment terms and maturity are based on your investment in the property and type of property .
We have a variety of business loan options to offer you including Small Business Administration, or SBA, loans. The primary benefit of the SBA loans is the government guarantees a portion of the loan which allows us to reduce your payment through long repayment terms, lower the cash investment made by you and in some cases, more favorable interest rates, than we could offer on non-SBA loans. In general, we will look for the best financing vehicle to meet your goals which might very well be an SBA loan product.
Credit Union ONE offers SBA Express Loans, 7(a) Loans and Certified Development Company (504) Loans available through the U. S. Small Business Administration (SBA). Go to SBA.gov for more information.